Cartier cuts 13.2 g/t Au over 2.3 m in the VG Zone of the Chimo Mine Project
12 Março 2024 - 8:30AM
Cartier Resources Inc. (TSXV: ECR, FSE: 6CA) (“Cartier” or the
“Company”) announces the results of its ongoing drilling program
(
FIGURE 1) for the Chimo Mine Project
(
FIGURE 2). The project comprises the Chimo
Mine and East Cadillac properties, the latter of which was acquired
on April 7, 2022. Cartier began exploring this new area of the
project in 2024. Both properties are 100% owned by Cartier and are
located 45 km east of the Val-d’Or mining camp.
The results were obtained in the VG Zone at
depths of 35 and 45 m, respectively. High gold grades are also
present 275 m to the west and 550 m to the east of the VG
Zone, defining the VG Structure along a strike length of
850 m.
« This third set of high-grade results from the
VG Structure since August 2023 puts us on track to start a new
drilling phase on the VG Zone to further increase its size and
continue the search for other gold zones along the prospective 15
km strike of the project » commented Philippe Cloutier, President
and Chief Executive Officer.
Table 1: Details of the new
results
Hole |
CoordinatesUTM (m) |
Azimuth (°)/Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Gold Zone |
Gold Structure |
Location: West Nordeau Sector – Confirmation of the VG Gold
Zone |
CH24-97 |
333540/5319781/349 |
227/-79 |
47.0 |
49.3 |
13.2 |
2.3 |
VG |
VG |
including |
48.3 |
48.8 |
46.1 |
0.5 |
CH24-98 |
145/-58 |
40.5 |
42.5 |
7.5 |
2.0 |
including |
41.0 |
41.5 |
20.6 |
0.5 |
The widths of the mineralized intersections are
presented as downhole lengths.The true widths of the mineralized
intersections are estimated at 55% to 70% of the reported core
length interval.
Table 2: Details of the
historical results
Hole |
CoordinatesUTM (m) |
Azimuth (°)/Plunge (°) |
From(m) |
To(m) |
Au(g/t) |
Length(m) |
Gold Zone |
Gold Structure |
Location: West Nordeau Sector – Confirmation of the VG Gold
Zone |
CH23-93 |
333527/5319849/351 |
164/-45 |
97.7 |
100.7 |
15.7 |
3.0 |
VG |
VG |
including |
99.7 |
100.2 |
75.9 |
0.5 |
CH23-88 |
183/-47 |
93.0 |
94.0 |
14.2 |
1.0 |
CH23-92 |
166/-51 |
107.5 |
109.5 |
6.4 |
2.0 |
CH23-84 |
197/-68 |
118.5 |
119.3 |
10.7 |
0.8 |
NW08-12 |
333526/5319848/352 |
176/-77 |
132.7 |
133.3 |
18.8 |
0.6 |
The widths of the mineralized intersections are
presented as downhole lengths.The true widths of the mineralized
intersections are estimated at 75% to 95% of the reported core
length interval.
About the Chimo Mine Project:
- Positive
PEA**, after tax:
NPV5% of CA$388M and 21%
IRR
- MRE*:
720,000 ounces of gold in Indicated Resources and 1,633,000 ounces
of gold in Inferred Resources
* NI 43-101 Mineral Resources Estimate for Chimo
Mine and West Nordeau Gold Deposits, Québec, Canada, Vincent
Nadeau-Benoit, P.Geo., Alain Carrier, P.Geo., M.Sc. and Marc R.
Beauvais, P.Eng., InnovExplo Inc., August 22, 2022.
** NI 43-101 Technical Report and Preliminary
Economic Assessment for Chimo Mine and West Nordeau Gold Deposits,
Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R.
Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme
and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions, May
29, 2023.
About Cartier Resources Inc.
Founded in 2006, Cartier Resources Inc. is an
exploration Company based in Val-d’Or, Quebec, Canada. The
Company’s projects are located in Quebec, which consistently ranks
among the world’s best mining jurisdictions. Cartier is actively
advancing the development of its flagship Chimo Mine Project and
exploring its other projects. The Company has a solid cash position
of $4.2 million and significant corporate and institutional
support, including Agnico Eagle Mines, O3 Mining and provincial
investment funds.
Quality Assurance / Quality
Control
For each batch of samples sent to the
laboratory, Cartier inserts 5% of the number of samples in the form
of certified standards and another 5% in the form of blanks to
ensure quality control. The samples are analyzed at the Techni-Lab
(Actlabs) laboratory in Ste-Germaine-Boulé, Quebec, Canada. Samples
weighing 3 to 5 kg are crushed by the laboratory to 90% passing 10
mesh (2.00 mm), then a 500 g fraction of each sample is
pulverized to 90% passing 200 mesh (0.07 mm). The resulting 50
g pulps are analyzed by fire assay with an atomic absorption
finish. Samples with results ≥ 1.0 g/t and < 10.0 g/t are
re-assayed by fire assay with an atomic absorption finish. Results
greater than or equal to 10.0 g/t Au are analyzed by fire assay
with a gravimetric finish. For samples containing visible gold, a
500 g subsample of rock is analyzed by the metallic sieve
method.
Qualified Persons
The Company’s scientific and technical
information in this news release was prepared and reviewed by Mr.
Gaétan Lavallière, P.Geo., Ph.D., Vice-President, and Mr. Ronan
Déroff, P.Geo., M.Sc., Senior Geologist, Project Manager and
Geomatician, both qualified persons as defined in National
Instrument 43-101. Mr. Lavallière approved the information
contained in this press release.
For more information, contact:Philippe Cloutier, P.Geo.President
and CEOTelephone:
819-856-0512philippe.cloutier@ressourcescartier.comwww.ressourcescartier.com |
|
Neither the TSX Venture Exchange nor its
regulatory services provider accepts responsibility for the
adequacy or accuracy of this press release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae3addfc-5250-4cea-bae1-6d19c71a1fe4
Cartier Resources (TSXV:ECR)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Cartier Resources (TSXV:ECR)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024